skysight-inc/HackerNews huggingface dataset:
Again I have no idea what I'm talking about, but

https://www.equities.com/news/robinhood-is-said-to-get-40-re...

https://twitter.com/justinkan/status/1354853920762253315

I'm no market expert, but I know that when cash is flowing between two companies, they generally have shared interests.
When you buy a share and return it to the lender, you can buy it again from the lender. 200%, not naked.
I was referring to the fact that none of those findings concluded that the outcome of the 2016 election was affected. That is the standard that's being applied for 2020 so I was applying the same standard.
> Pure-function analysis is not that hard.

Awesome! My colleagues won't come to Haskell. But I can stop asking them if Java can tell pure from impure.
Sadly most american cities are cheap for a reason, unless you're into suburban life obviously.
Its not sweet (usually)... It is steamed though, and generally filled with some kind of yummy meat. For some reason, I grew up eating them with scrambled eggs so that's how I like em.
To continue to compliment this stack, feel free to check out Grouparoo, a "reverse ETL" tool that is also self-hosted.
https://www.grouparoo.com
This reaction was predicted in this sibling comment: https://news.ycombinator.com/item?id=25941883

(dang: Thank you for all your moderation. This is a meta-comment, not a complaint.)
today early in the morning, they had a 4.8 rating https://twitter.com/VincentMarcus/status/1354812744738828294...
This is about having a very basic understanding of buying stocks on margin entails. It isn't your money, they do what they need to in order to protect themselves. You don't need to read their TOS because this isn't specific to Robinhood. It applies with every broker.
Everybody has a different price they are willing to work for based on their circumstances but that doesn't mean you let them do that. Allowing people to work for low wages drives down wages for others, which is undesirable for lots of reasons including income inequality and not wanting people with families to become poor. Sweeping nationwide minimum wage laws is certainly one solution for that.
"Happy to work w/ almost any other GOP that aren’t trying to get me killed."

From that I understand Cruz is trying to get her killed, which is a very serious accusation and should not be taken lightly.
Can an open source repo contain illegal speech commented in the code itself? What happens then?
I think that scale matters. The number of house members and their coordination with 6 senators in my mind makes what happened this year different in so many important ways. Obviously, YMMV.
That makes sense, but presumably the financial industry pretty regularly needs to enforce specific terms in financial contracts. So here we're seeing -- from one day to another -- people complaining that Robinhood and other financial intermediaries won't let unsophisticated traders easily access particular kinds of financial trades and products, and also that complicated terms may apply to those same trades and products. Couldn't these two issues be related?

(I don't mean to accuse people of hypocrisy by mentioning this! I just mean that I genuinely think financial intermediaries are in a tough spot as they're pressured to allow everyone to trade things where quite a lot of customers don't quite know what they are or what they signify.)
>Melvin Capital closed out their short position yesterday with a large loss

This is something many people are claiming is false. As far as I can find, Melvin have not issues any formal statement on the matter - this claim is purely based on a CNBC "source".
My god, that would be amazing.

1. Coinbase raises money from the IPO.
2. Coinbase takes some of that money and gives it to Grayscale.
3. Grayscale uses the money to buy cryptocurrency... On Coinbase!

Not only do Coinbase shares appreciate from the increased value of assets on their balance sheet, but they earn some of their money back from fees, too. Just make sure that steps #1 and #2 have some delay, after any lock-up period.

And since Grayscale can only divest from its funds for fees and doesn't allow redemption, more cryptocurrency tokens get "locked" in the funds indefinitely, unable to affect the spot price.
Interesting counter point to the "elites-pulling-levers-to-protect-hedgies" conspiracy theory: https://twitter.com/arampell/status/1354859474658312196?ref_...
For me at least, it's the anti-spam features, and automatic sorting of mail.
except for the line where they prevented trading on said stock.
Sure, that's what would happen if buys and sells could reasonably be paired up. Robinhood/Apex could've just kept these buy orders open until it found a seller at any price and closed unfilled orders at the end of the day. That would probably be less preferable to all involved as I doubt these people were placing limit orders.
Is this a for profit at the end of the day?

And can you export the drugs to other countries (for sale)?
A full crash is ensured by the fact that the stock is massively, massively overvalued. If they are taking steps to prevent it from becoming even more overvalued, the upshot should be less money getting lost overall.
I find the monopoly issue troubling, but I don’t understand how your proposal fixes it.

Government schools aren’t atheist - they are secular. They simply aren’t allowed to teach Christianity because Jews and Muslims would have the same “I have to pay twice” complaint you mentioned.
Also, what you say about Christian education is factually wrong. There are plenty of places in the USA where you can find a Christian Charter school or use school vouchers.
They attorneys have done the same with me through all three of my closings, and yes, they do take forever, precisely for that reason.
Governments also commit mass murder on behalf of the interests of private capital, ranging from feudal land enclosures, to the United Fruit Company in Honduras [0], to modern oil interests and the military-industrial complex.

[0] https://en.wikipedia.org/wiki/War_Is_a_Racket
Senior Web Front-End Engineer
The article author wrote this ESLint plugin to do just that https://github.com/jfmengels/eslint-plugin-fp

then he (I) happily switched to Elm, because even with a lot of static analysis rules, it's really hard to avoid impure functions when a lot of the libraries and existing code use that, and sometimes even require that.
Robinhood received calls from Sequoia/White House to halt buying on GME
Markets also exist for capital allocation.
I remember seeing a post on their blog about exactly this. I cannot find it now but if you dig around you might find the data dumps.
#me2
Yes. Understand that if you buy on margin, and the stock goes down too much, you owe the broker money. The broker can ask you to deposit more money to cover a margin call, or sell out your position.

What's unusual about RobinHood is that they make buying on margin very easy. It's a feature of a "Robinhood Gold" account.[1] "You can try Gold for free for the first 30 days. Sign up anytime from your account settings." This gets people trading on margin who probably shouldn't be trading on margin. Many of them are going to be busted down to zero. Those prices aren't going to stay up once the fad is over.

Here's RobinHood's margin agreement.[2]

[1] https://robinhood.com/us/en/support/articles/gold-overview/

[2] https://cdn.robinhood.com/assets/robinhood/legal/RHS%20Custo...
From [1]: On September 2, 2020, the Wall Street Journal reported that Robinhood was under SEC investigation for failing to fully disclose selling clients' orders to high-speed trading firms, with a potential $10M+ fine.[6] Robinhood paid $65M to settle the SEC investigation on December 17, 2020.

Gee.. I guess a slap on their wrist will make them behave NEXT time. How come people are not in jail for this?? I hope this time around politicans will make enough stink that SEC will actually forward indictments to DOJ.

[1] https://en.wikipedia.org/wiki/Robinhood_(company)#SEC_Probe_...
TOS on websites aren't the same the agreement to a margin account. Not reading that would be like not reading your mortgage agreement or your auto loan agreement. I agree they're long and confusing but financial agreements are super important to read and if you can't understand it hire a younger/cheaper lawyer for an hour. Every contract I've signed for employment I've hired someone to confirm the law in that state and it really makes a difference knowing what is in there.
I feel like this action from Robin Hood saved a lot of retail trader from self harm.

A lot of people are clinging to the hope that whatever came out of shorts covering their position being false. Whereas given the volume of the previous days it's highly likely they've already gone. Whoever goes in at this point is likely going to end up losing everything.
The problem is overengineering a device just for the convenience of the manufacturer or to add wow factor without taking in account reliability. It happens with mechanical and electrical devices as well. Tesla is not the only or the first to use electrically operated door releases.
> It’s like the bank banning selling your home then repossessing it when the value falls.

Apples and oranges. If you bought a house on margin, the way a brokerage defines margin, they would absolutely be allowed to do that. Margin and mortgage are fundamentally different types of loans.

I agree that halting buys was absolutely wrong. Definitely see where you're coming from, if you look at the two actions together..it doesn't paint a very pretty picture.
Sorry to hear that, hopefully you can find a high performing team in the future! Cheers
"Art starts at $850"
Interesting thanks. Maybe it'll get to Linux one day then. Not that I'm too fussed, I use telegram for larger groups mostly, and secure chats on Signal.
Different in some ways, of course, same in others. Ultimately I'm just seeing the same news with one side one-upping the other. They weren't even the first armed group to try and defy the government in the last year, though perhaps the most ambitious.
Yep. Every December the tamale lady would show up and sell out of the coolers in the back of her toyota pickup truck in the Ralph's parking lot.

Also you have the Ice Cream or Corn vendors pushing a cart around the neighborhood. I miss SoCal... the traffic sucks but so much else is wonderful.
I'm guessing it was the mobile notary he might have thought was an attorney.
They changed margin requirements intra-day, started liquidating positions no questions asked, and stopped buying of the stock. How many coincidences do you need to say that this was the planned outcome?
This was posted last month https://news.ycombinator.com/item?id=25414579
It's interesting, the usual go-to argument of the censorship apologists is to claim that they're not actually advocating for censorship because the hopeless gigantic corporations they so nobly defend are private actors and thus have the right to ban whatever they want.

Then this article (posted long before recent events made the discussion a hot topic) presents how we need a serious alternative to these giant platforms and build protocols to replace them... And those same people immediately start saying that no, they in fact do want to forbid whoever they choose from saying/publishing anything anywhere.

Mind you, not that "Facebook/Twitter/Google/etc are private companies and can allow anything they want and that's not censorship" wasn't always a motte-and-bailey, but it's sad to see it on display so transparently.

At least most of them are downvoted, if nothing else.
Yeah, but the wishful thinking in the other threads I've seen was that by the time it popped, all (or most) of the holders would be the short sellers, not the wsb people who pumped it up. In that sense it would be "fine".
It is really interesting reading all this.

Someone reuses passwords all over the internet, gets hacked and loses savings of a lifetime, HN says “OMG sooo stupid, you have to have minimal computer literacy in life” etc.

People get burnt on literally run-of-the-mill situations with trading and get angry with the world, and vent in a rigged system.

Of course there is space for outsiders to challenge the establishment, but assuming you grok finance because you installed Robinhood app is... naive!!!
I will bet you anything this will actually help them overall.
Right, as I said. They essentially got away with it, even with most of their profits intact.

A couple got a short suspension, but they're likely back at it today.
"Charging times will vary depending on charging type and vehicle specs. There are three levels of charging:

AC Level 1 charging can deliver 2 to 4 miles of range per hour (at home use)
AC Level 2 charging can deliver 7 to 40 miles of range per hour (at home use / at work)
Range per hour varies depending upon the type of charger used (3kW to 19kW)
DC fast charging can deliver 60-100 miles of range in 10 minutes (public use)
Range per hour varies depending upon the type of charger used (24kW to 350kW)"

https://www.gmc.com/electric-truck/hummer-ev/faq

I work for General Motors but this is from the gmc.com website for the Hummer EV coming out.
SwiftUI Localization Tutorial
Salt Fat Acid Defeat: The restaurant before and after Covid
Obviously, margin calls are legitimate. But Robin Hood obviously played an important role in the price direction that led to the margin calls. I honestly don't know how anyone could trust RH as a neutral party after this.
The only reason they still have one start is because 1 is minimum.
There are plenty of brokers which are being migrated to right now that are not stoppping trades. European brokers not at all, and in the US Fidelity and Vanguard are still accepting trades (and handling the massive sign-up influx).

Furthermore, the fact that EU brokerages are not stopping trades is something to be considered, no?
There's a very alluring populist type narrative to all this.

I find it attractive too to some extent. The financial system is bonkers and unfair. But...

I think that populist sentiment also blinds folks to a great number of things. I know it brings in a whole other mess but Trump, he loved his populist rhetoric too, even if his actions were anything but that.

It's also not entirely clear to me who, other than some hedge fund, actually shot shafted here and who... maybe the man, is also along for the ride / possible profits here.

People will unwittingly vote for the man to stick it to the man.
Censoring speech and regulating stock trading are categorically different. This doesn't cut across political lines as much as it does lines of class
Thanks for teaching me something I did not know! May the post above be forever a monument to my ignorance!
The vast majority of the population has a Medium feed?
The idiotic takes on this GME situation are beyond belief. What did people think was going to happen? GME goes to a million and everyone becomes a millionaire?
There are limits on campaigns like that in the US as well. That's the problem with the Citizens United ruling - it broke some of that for us.

The rules he was talking about though are more to do with the limitations on speech that can be considered insulting, transgressive or hateful. They also include constitutionality of political parties in general, disparaging the president, and many other things.
Holy shit, I can't believe people are comparing RH to Twitter, retail investment and corrupt hedge funds to people inciting violence against election results.

FWIW, this is an app in a supposedly regulated sector, making the call to affect stock prices and cut retail investors out of the market and causing a stock to tank.
Yes. Is that one way of describing the "find a bigger fool" strategy of investing?

Is that the purpose of these apps? To get uninformed liquidity into the market to benefit investment banks?
why would you spend engineering time on your blog when you can get something off the shelf / outsource it?

the opportunity cost is too high.
Not true. They may not be a household name - but they're definitely very well-known in the finance world.
You should really read up on finance before making any of these decisions. It's no scam, it's margin.
> practically no one reads these agreements, and even fewer understand them

Argumentum ad populum. Not very convincing.

There is a reason the finance industry is so heavily regulated, and, at least in terms of intent, it is not to allow the elites to hoard all of the capital (although that may be a side effect).
Yeah, the Grammar of Graphics syntax can feel a bit awkward at first, but once it clicks it makes a lot of sense.
Announcing the ARK Alliance
I often use a pattern where I do a batch and group a bunch of operations baked into a tuple that describes the computation. Instead of do_thing(on_data), the intermediate pass would emit a data structure full of list([("operation_do_a_thing", on_data), ... ] and then a command executor can do the actual scheduling of the operations, serial, parallel, batched, try/except with backpressure, etc.

Separate the thing you want done from the doing it, because when you intermingle the doing-the-thing it greatly complications the scheduling logic. Think of it as a working programmers io monad.
Hey, it worked for Bitcoin. I never expected that. I thought Bitcoin was overpriced at US$20.
I would argue most of the 1 star reviews are users like myself feeling betrayed who are speaking with their dollar, share, and review votes by leaving the app entirely.
Welp I guess I can eat crow on this one then. You are right it seems.
I would think thats the obvious thing to happen when supply outweigh demand
>Some WSB users created a BECKY index, that contains typical companies a "Becky" would know about

They tried a KAREN index too, but got tired of all the demands to speak to your manager.
>When I bought my house, the attorneys sat down with me and had me read through and explained to me every single term of the purchase agreement and my mortgage, checking that I understood them. Absolutely no one has done this for Facebook, throwing a few hundred into Robinhood, etc. It's not worth it, and the terms change with such frequency that it would be outdated immediately.

I still have my binder from my closing. Worked in the mortgage industry for a while in college. If they truly had you read through every page with explanations it would have taken you multiple days to do your closing. I think you're misremembering.

What they likely did was went through page by page, giving you a summary of each page as they went, and gave you the option to read it in its entirety or just sign based on their summary. You might have read through the first 4 pages before you realized you would be there for the aforementioned multiple days if you wanted to read through every line of every page.
That's pretty weird. It sounds like something that had to be improvised on their end.

It does seem like there was some outside intervention:

- Multiple brokerages making these types of decisions, not just one

- Brokerages appearing to improvise (i.e. looking strange, maybe not tested out much beforehand) technical ways to send this new message

- Brokerage messaging and decision-making policy appearing to be volatile by itself (!)

- Claims (nothing substantiated) that e.g. government heads were involved in making the call

These factors seem to add up, so it's interesting to watch this unfold.
Wall Street is/will be having a ball with the new administration desperate to keep the market "stable". Stable == deliberately and slowly bled by hedge funds.
I'm ignorant. In your example, the bank manipulated the housing price and now owns the house, earning them an asset. The the Robinhood example, they (maybe) manipulated the price, and then forced you to sell, so you now have the money. They don't now own the proceeds from the sale (except what you already owed them). These don't seem similar.
Most brokers who don’t go down when the market opens.
Except for the fact that eth transaction fees are insane and will only increase if popularity does. DeFi is DOA.
I'm not on the side of the banks. The problem is people think they're hurting hedge funds, but the reality is the ones who will end up hurt most are the people who can't afford to take the losses.
Its distracting to have extra things that engineers have to look at every once in a while. Its cheaper when accounting for employee time to just outsource random non business critical things.

Look at the dns entries for lots of big company's blogs. Many of them are just CNAMEs for wpengine or some other third party host.
I'm having trouble finding specific numbers, do you have a source?

As far as I can tell they started the year with ~12.5B AUM, and have lost ~30% on the year and received a 2.75B cash infusion from Citadel et al, which I assume was at a discount given their position. So my rough estimate is around ~25-35%, given the uncertainty around those numbers.
> as more people accept crypto for goods and services

This is not happening. It's been more than a decade now. I could also argue that the reason the few cases where you can actually spend cryptocurrencies have remained is simply that the volume is too small for the authorities to care, especially since they can just start regulating once it matters.

You're not addressing OP's point that in the end, you want to spend the currency within the legal system if you want to buy something other than cryptokitties. Or to go back to the main topic, you have to go back into the legal system if you want to buy shares. If the authorities declares that you have to buy your shares with USD, then you have to buy your shares with USD.
You think a lack of volume from retail traders on Robinhood is the cause of the drop? To put it mildly, that's a little naive.
OK, Telegram uses boring and reliable encryption in a reasonably straightforward way. They get heck for "rolling their own encryption". Signal on the other hand uses new and exciting encryption they made up themselves but no one seems to be criticizing them for it.
Your argument has the same structure as

"There is no rational reason to drive a car. The most I could gain would be to get where I'm going faster, but the downside is unlimited (I could die in a car crash)."

Just because a bet has unlimited downside and limited upside, that doesn't mean it doesn't have positive expected value, and would not be made by rational actor.
>Conspiracy has been defined in the United States as an agreement of two or more people to commit a crime, or to accomplish a legal end through illegal actions. A conspiracy does not need to have been planned in secret to meet the definition of the crime.

https://en.wikipedia.org/wiki/Conspiracy_(criminal)#United_S...

One of the dodgiest things in English Common law is the low low bar for conspiracy (see also Joint Venture).

I think we actually agree about the cornering part don't we? I say the shares are cornered, you say the hedge funds but it amounts to the same thing. I definitely agree the hedge funds are looking fucked and deservedly so.
Probably this issue is relevant: https://github.com/qutebrowser/qutebrowser/issues/4768
I've never seen anyone actually say MS got it RIGHT with webforms.

Webforms was their attempt to bring the VB6 workflow onto the web and it was a terrible idea specifically because the web is not desktop.

I get your point, but as far as I'm concerned any rationale that ends with the conclusion that MS got it right with webforms needs to be seriously reconsidered.
The standard for 2020 is whether the alleged fraud actually took place at all. There is no court-worthy evidence that it did. Some would say there is no evidence at all.

The standard for 2016 is therefore whether or not Russian interference occured, which two high level US government reports have confirmed took place.
all you need to prove is , how these things map together w.r.t GME

1) transactions between Robinhood and Citadel (even some % of their GME trades would have gone to Citadel)
2) The deal between hedge fund and citadel

If you can prove that its because of #1 and #2 , RobinHood arrived at this decision, its game over?

or is it?
Bank Transfer Day – November 5, 2011